Payroll Employment Increases by 214,000 in October 2014; Unemployment Rate Edges Down to 5.8%

Washington, DC—(ENEWSPF)—November 7, 2014. Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, retail trade, and health care.

Household Survey Data

Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 million) edged down in October. Since the beginning of the year, the unemployment rate and the…